Most people believe that Medicare will pay for their Long-Term Care needs. This is only true for the first 100 days of a chronic condition. Only Long-Term Care Insurance, that is both tax-qualified and a Partnership Plan, provides you with chronic care and prevents your unaffected spouse from spending down all of your retirement nest egg so you may qualify for Medicaid coverage.
Two-thirds of people who reach age 65, will need some form of Long-Term Care in their life. Anyone over age 45, should consider this type of coverage. The younger you are when you first obtain the coverage, the lower the cost.
Long-Term Care Insurance, helps to protect your wealth for your family and your next generation.